
GFI Stock Forecast & Price Target
GFI Analyst Ratings
Bulls say
Gold Fields Ltd has benefited from a significant appreciation in gold prices, which has risen approximately 15% to over US$2,300 per ounce, positively impacting the company's revenue streams as it remains a prominent player among emerging market funds. The company's recent share price outperformance reflects solid operational performance, improvements in its balance sheet, and a favorable near-term growth outlook, supported by its ongoing asset optimization program aimed at enhancing operational efficiencies and energy performance. Enhanced visibility on operational risks coupled with valuations aligning more closely with peer averages further reinforces a positive outlook for Gold Fields's stock.
Bears say
Gold Fields Ltd faces a negative outlook largely due to a downward revision in its production guidance for 2024, which has been adjusted to between 2.2Moz and 2.3Moz, reflecting operational challenges and lowered expectations for the Salares Norte project. Additionally, the company has experienced a significant decline in share price, approximately 19%, attributed to weaker-than-expected operational guidance and an increase in anticipated costs. Overall, these factors contribute to a perception that the company's premium valuation is unjustified amidst heightened operational risks.
This aggregate rating is based on analysts' research of Gold Fields Ltd. and is not a guaranteed prediction by Public.com or investment advice.
GFI Analyst Forecast & Price Prediction
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